The Federal Reserve's Proposed Enhanced Prudential Standards for Foreign Banks

The Knowledge Group Webcast

06/20/2013 12:00 p.m. - 02:00 p.m. EDT

Corporate Finance | Capital Markets, Banking + Financial Services, and Financial Institutions + Financial Services

Barbara R. Mendelson

Barbara R. Mendelson

Webinar

Joseph Marano
jmarano@mofo.com
(212) 336-4316

The Federal Reserve’s proposed enhanced prudential standards will into effect on July 1, 2015, and are expected to bring unprecedented and significant changes to the regulation of foreign banking organizations (FBOs) with new requirements to address risk management, stress testing, early remediation, liquidity and debt-to-equity limits. With the proposed standards to implement a “rebalanced approach” in regulating non-US banks with U.S. operations, large FBOs will be mandated to establish an intermediate holding company (ICH) that will hold all US bank and nonbank subsidiaries and shall be subject to U.S. capital, liquidity and other enhanced prudential standards.

Topics of discussion will include:

  • Requirement to Establish a Top-Tier U.S. IHC
  • IHC Subject to U.S. BHC Capital Requirements
  • Liquidity Requirements for U.S. Operations of a Large FBO
  • Single Counterparty Credit Limits
  • Risk Management and Risk Committee Requirements
  • Stress Testing Requirements
  • Debt-to-Equity Limitation
  • Early Remediation Framework
  • Application to Foreign Nonbank SIFIs
  • Impact Assessment and Development of an Effective Implementation and Compliance Plan

Speakers:

  • Barbara R. Mendelson, Morrison & Foerster LLP
  • Richard Coffman, Institute of International Bankers
  • Robert E. Bostrom, Greenburg Traurig
  • Hugh C. Kelly, KPMG LLP

The Knowledge Group will offer CLE credit.

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